Introduction There is a lot of indicators similar to this one, however i think this one don't share the same calculation method and this is why i share it. This indicator aim to forecast price direction using an exponential filter architecture using highest and lowest information for the estimation of a smoothing variable. This filter is similar to the average...
Added TSL in Green and Red Buy/Sell above Midline(Black)
Conditions: 1. Centre line above close long entry, exit centre line below close. 2. Centre line below close short entry, exit centre line below close. 3. But For now I coded like Long Exit becomes entry for Short and vice versa Have to further Update
Introduction Channels are used a lot on technical-analysis, however most of the them rely on adding/subtracting a volatility indicator to a central tendency indicator, sometimes the central tendency indicator can even be replaced by pure price. A great channel who does not rely on this kind of architecture is the Donchian channels or the quartiles bands. Here i...
Here it a TSI with MTF function , together with Donchian high and low channel the best entry and exit are shown in arrow
This uses a Donchian center line and adds an ATR multiple to generate a channel.
This script uses the last hlc3 value of 1H, 4H, D and/or W and rotates it 360º up/down with four increments of 90º to find out potential support and resistance areas. Can be used as a dynamic support & resistance tool or just to gauge how overbought/oversold the market is. Special thanks to @Nv56 for his assistance in writing this script.
So how to use this very easy system we have two system the first is based on ATR resistance and support and the other based on % channel based on donchian channel The black line is the price line The red lines are % line of the donchian channel (here it set to 2 and 3 % (you can set it any number you want ) this lines are the low end Theblue d lines are % line of...
This indicator is great to detect resistance and support The H and L are based on new high and low formed by Donchian cahnnel , the lines of support and resistance are based on pivot system by the TF you can control the time length of the donchian channel no alert to this system
Using the ratio of donchian channel from early script we can calculate factor Z which is the estimate of the high ratio and the low ratio crossing it with +100 and -100 we can produce the signals with addition on non repaint donchian ratio channel inside the script one can take profit for both long and short , buy again and sell again with stop loss if needed...
So this indicator have the following: 1. MTF CCI 2. donochian channel MTF both non repaint mode buliish and bearish zone determine by ratio of the the donochian cahnnel enter or exit can be either the bullish or bearish change of color or by cross over or under of the CCI or combination of both The high max and low max of the donochian channel show in hilated bar
This indicator give the ratio between the high and low of donochian channel and if we take ratio and add it to each other then we can calculate if it + meaning bullish trend or negative meaning bearish trend using non repainting MTF we can see the zone of the channel at different time set we can use this indicator to filter bad signal or make it stand alone...
This is a simple Day Trade indicator, but can be used for swing and long term trades. It is based on Donchian Channels to detect trend and point out resistance or support breakouts using arrows. The bars ared colored when a breakout occurs. When a resistance breakout occurs the current and the next bars are colored green (default) and when a support breakout...
River Styx - Modified Donchian Channel with separate adjustments for upper and lower levels, with offset Blue line = the highest price of the last 14 periods (resistance). Red line = the lowest price of the last 14 periods (support). Gray line = middle line between blue and red line. Green line = exponential moving average of 2 periods of closing price.